Insider Buying: Coinbase Global, Inc. (NASDAQ:COIN) Director Acquires 6,952 Shares of Stock | marketrealtime.com


Coinbase Global, Inc. (NASDAQ:COIN) Director Tobias Lutke purchased 6,952 shares of Coinbase Global stock in a transaction dated Tuesday, November 15th. The stock was bought at an average price of $55.00 per share, with a total value of $382,360.00. Following the completion of the purchase, the director now directly owns 106,898 shares of the company’s stock, valued at $5,879,390. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Tobias Lutke also recently made the following trade(s):

  • On Tuesday, November 8th, Tobias Lutke purchased 6,495 shares of Coinbase Global stock. The stock was bought at an average price of $54.50 per share, with a total value of $353,977.50.
  • On Tuesday, November 1st, Tobias Lutke purchased 5,585 shares of Coinbase Global stock. The stock was bought at an average price of $68.99 per share, with a total value of $385,309.15.
  • On Tuesday, October 25th, Tobias Lutke acquired 5,573 shares of Coinbase Global stock. The stock was acquired at an average cost of $66.96 per share, for a total transaction of $373,168.08.
  • On Tuesday, October 18th, Tobias Lutke acquired 5,349 shares of Coinbase Global stock. The stock was acquired at an average cost of $72.90 per share, for a total transaction of $389,942.10.
  • On Tuesday, October 11th, Tobias Lutke acquired 5,519 shares of Coinbase Global stock. The stock was acquired at an average cost of $67.61 per share, for a total transaction of $373,139.59.
  • On Tuesday, October 4th, Tobias Lutke purchased 5,610 shares of Coinbase Global stock. The shares were purchased at an average cost of $69.09 per share, for a total transaction of $387,594.90.
  • On Tuesday, September 27th, Tobias Lutke purchased 5,941 shares of Coinbase Global stock. The shares were purchased at an average cost of $65.29 per share, for a total transaction of $387,887.89.
  • On Tuesday, September 20th, Tobias Lutke purchased 5,291 shares of Coinbase Global stock. The shares were purchased at an average cost of $68.19 per share, for a total transaction of $360,793.29.
  • On Tuesday, September 13th, Tobias Lutke purchased 4,482 shares of Coinbase Global stock. The shares were purchased at an average cost of $75.39 per share, for a total transaction of $337,897.98.
  • On Wednesday, September 7th, Tobias Lutke purchased 5,894 shares of Coinbase Global stock. The shares were purchased at an average cost of $62.00 per share, for a total transaction of $365,428.00.

Coinbase Global Trading Down 0.1 %

COIN stock traded down $0.04 during mid-day trading on Thursday, reaching $48.79. 17,927,680 shares of the stock traded hands, compared to its average volume of 11,256,164. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.05 and a current ratio of 1.05. Coinbase Global, Inc. has a one year low of $40.83 and a one year high of $344.84. The stock has a market capitalization of $11.07 billion, a PE ratio of -7.70 and a beta of 2.50. The business has a 50-day moving average price of $65.97 and a two-hundred day moving average price of $68.04.

Analyst Ratings Changes

Several brokerages have weighed in on COIN. Piper Sandler lowered their price target on shares of Coinbase Global from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, August 10th. Barclays lowered their target price on shares of Coinbase Global from $77.00 to $63.00 and set an “equal weight” rating on the stock in a report on Friday, November 4th. Keefe, Bruyette & Woods downgraded shares of Coinbase Global from a “market perform” rating to an “underperform” rating and set a $45.00 target price on the stock. in a report on Wednesday, August 10th. Wells Fargo & Company initiated coverage on shares of Coinbase Global in a report on Thursday, September 29th. They issued an “underweight” rating and a $57.00 target price on the stock. Finally, JMP Securities lowered their target price on shares of Coinbase Global from $195.00 to $155.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Coinbase Global has an average rating of “Hold” and an average price target of $103.30.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Tradewinds Capital Management LLC grew its holdings in shares of Coinbase Global by 1,210.0% in the second quarter. Tradewinds Capital Management LLC now owns 524 shares of the cryptocurrency exchange’s stock worth $25,000 after purchasing an additional 484 shares during the last quarter. BDO Wealth Advisors LLC grew its holdings in shares of Coinbase Global by 133.5% in the third quarter. BDO Wealth Advisors LLC now owns 390 shares of the cryptocurrency exchange’s stock worth $25,000 after purchasing an additional 223 shares during the last quarter. Ellevest Inc. bought a new position in shares of Coinbase Global in the third quarter worth about $26,000. WD Rutherford LLC bought a new position in shares of Coinbase Global in the first quarter worth about $28,000. Finally, Oakworth Capital Inc. bought a new position in shares of Coinbase Global in the second quarter worth about $29,000. Institutional investors own 49.31% of the company’s stock.

Coinbase Global Company Profile

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Coinbase Global, Inc provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment.

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Insider Buying and Selling by Quarter for Coinbase Global (NASDAQ:COIN)

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